I honestly cant see why they would take a chance with so much money to gain 10 or 20% profit.I am sorry but i am thinking 12 or 13p tops.If char had oil and a massive discovery they would still want a discount but they have nothing.It will be an interesting day i think.Sorry btw if i am making long term holders uncomfortable.
They have not said what the placing price will be but why would anyone pay a premium ?It is not as if Chariot have oil or gas and they do not have anything that is bringing cash in.So why would anyone be prepared to pay a premium as i dont see what could be in it for them. The only way i can see it being attractive to them is if they get a placing at a generous discount. Thoughts?
Of course dilution by 25% is never good but I agree that further director buys and the opening to II's is a good thing it's what we have all been wanting. See AMA since recent II investment share price up about 40%. All IMO, not a ramper, shorter, just long with average at 21p..... Big day tomorrow with this and POG! GLA
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